Can I retire at age 59 with 978,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$80,762$80,043$79,341$78,656$77,987$77,626
2 years$39,981$39,237$38,515$37,815$37,137$36,772
3 years$26,389$25,642$24,922$24,229$23,561$23,204
4 years$19,595$18,849$18,137$17,455$16,804$16,458
5 years$15,519$14,778$14,075$13,407$12,774$12,440
6 years$12,803$12,067$11,375$10,722$10,108$9,785
7 years$10,863$10,134$9,452$8,815$8,220$7,910
8 years$9,410$8,687$8,016$7,395$6,820$6,522
9 years$8,279$7,563$6,904$6,299$5,743$5,457
10 years$7,376$6,667$6,019$5,430$4,893$4,620
11 years$6,637$5,935$5,299$4,725$4,208$3,947
12 years$6,022$5,327$4,703$4,145$3,647$3,397
13 years$5,501$4,814$4,202$3,659$3,180$2,942
14 years$5,056$4,376$3,775$3,248$2,788$2,561
15 years$4,670$3,997$3,409$2,897$2,455$2,238
16 years$4,333$3,668$3,091$2,594$2,169$1,964
17 years$4,036$3,378$2,812$2,331$1,923$1,728
18 years$3,772$3,121$2,567$2,100$1,710$1,525
19 years$3,536$2,893$2,350$1,898$1,524$1,349
20 years$3,324$2,688$2,157$1,719$1,362$1,195
21 years$3,132$2,504$1,984$1,560$1,219$1,061
22 years$2,958$2,337$1,828$1,418$1,092$944
23 years$2,800$2,186$1,688$1,292$980$840
24 years$2,655$2,048$1,561$1,178$881$749
25 years$2,521$1,922$1,446$1,076$793$668
26 years$2,399$1,806$1,341$984$714$597
27 years$2,285$1,700$1,245$900$644$534
28 years$2,180$1,602$1,158$825$581$477
29 years$2,082$1,511$1,077$757$525$427
30 years$1,991$1,427$1,004$694$474$383
31 years$1,906$1,349$936$638$429$343
32 years$1,826$1,277$873$586$388$307
33 years$1,751$1,209$815$539$351$276
34 years$1,681$1,146$762$496$318$247
35 years$1,615$1,087$712$456$288$222
36 years$1,553$1,032$666$420$261$199
37 years$1,495$980$623$387$236$179
38 years$1,439$931$584$357$214$161
39 years$1,387$885$547$329$194$144
40 years$1,337$842$513$304$176$130
41 years$1,290$802$481$280$160$117
42 years$1,245$764$451$259$145$105
43 years$1,203$728$423$239$132$94
44 years$1,162$694$397$220$119$85
45 years$1,123$661$373$204$108$76
46 years$1,087$631$350$188$98$69
47 years$1,051$602$329$174$89$62
48 years$1,018$575$309$160$81$55
49 years$986$549$291$148$74$50
50 years$955$524$273$137$67$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $978,000, adding $2,631 every year, while hoping to spend $41,577 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/7/24 Blend
58$978,000$978,000$978,000$978,000
59$1,080,470$1,028,636$1,013,477$1,148,261
60$1,146,440$1,034,801$1,003,191$1,200,168
61$1,217,746$1,039,876$991,167$1,251,892
62$1,294,888$1,043,761$977,302$1,307,513
63$1,378,415$1,046,354$961,491$1,367,415
64$1,468,933$1,047,545$943,620$1,432,023
65$1,567,106$1,047,217$923,573$1,501,805
66$1,673,666$1,045,245$901,228$1,577,276
67$1,789,416$1,041,498$876,455$1,659,008
68$1,915,241$1,035,837$849,121$1,747,629
69$2,052,115$1,028,112$819,086$1,843,834
70$2,201,107$1,018,166$786,202$1,948,389
71$2,363,397$1,005,833$750,317$2,062,140
72$2,540,280$990,935$711,269$2,186,019
73$2,733,183$973,286$668,891$2,321,057
74$2,943,677$952,686$623,009$2,468,390
75$3,173,491$928,926$573,438$2,629,271
76$3,424,526$901,783$519,987$2,805,084
77$3,698,878$871,021$462,457$2,997,355
78$3,998,854$836,391$400,639$3,207,767
79$4,326,991$797,628$334,315$3,438,178
80$4,686,087$754,454$263,257$3,690,637
81$5,079,219$706,574$187,227$3,967,405
82$5,509,777$653,674$105,978$4,270,974
83$5,981,496$595,426$19,250$4,604,096
84$6,498,487$531,480$0$4,969,805
85$7,065,277$461,467$0$5,390,217
86$7,686,854$384,997$0$5,856,734
87$8,368,711$301,660$0$6,368,566
88$9,116,897$211,019$0$6,930,281
89$9,938,078$112,617$0$7,546,914
90$10,839,594$5,967$0$8,224,008
91$11,829,532$0$0$8,967,675
92$12,916,798$0$0$9,793,077
93$14,111,207$0$0$10,700,381
94$15,423,567$0$0$11,697,344
95$16,865,788$0$0$12,793,021
96$18,450,989$0$0$13,997,388
97$20,193,625$0$0$15,321,434
98$22,109,620$0$0$16,777,266
99$24,216,518$0$0$18,378,224
100$26,533,649$0$0$20,139,005